Domanda aperta
Label the goods as Private Goods (PRI), Common Resources (CR), Club Goods (CG), or Public Goods (PUB).
823
views
1
rank
8. The Types of Goods
Four Types of Goods and Two Characteristics
Scelta multipla
A slice of pizza is:
A
Rival
B
non-rival
C
non-excludable
D
both a and c
Guida verificata passo dopo passo1
Identify the characteristics of a 'rival' good: A good is considered rival if one person's consumption of the good reduces the amount available for others.
Identify the characteristics of a 'non-rival' good: A good is non-rival if one person's consumption does not affect the availability of the good for others.
Identify the characteristics of a 'non-excludable' good: A good is non-excludable if it is not possible to prevent people from using it.
Consider a slice of pizza: When one person eats a slice, it is no longer available for others, indicating it is a rival good.
Determine if a slice of pizza is excludable: Since you can prevent others from eating it by not sharing, it is excludable, thus not fitting the non-excludable category.
Video correlati
Pratica correlata
